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Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s):  MPVDF

Mountain Province Diamonds Inc. is a Canada-based diamond company. The Company’s primary asset is its 49% interest in the Gahcho Kue Mine, a Joint Venture with De Beers Canada. The Gahcho Kue Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company’s Kennady North Project includes approximately 113,000 hectares of claims and leases surrounding the Gahcho Kue Mine that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites. Kelvin is estimated to contain 13.62 million carats (Mct) at 8.50 million tons (Mt) at a grade of 1.60 carats/ton and a value of US$63/carat. Faraday 2 is estimated to contain 5.45Mct in 2.07Mt at a grade of 2.63 carats/ton and a value of US$140/ct. Faraday 1-3 is estimated to contain 1.90Mct to 1.87Mt at a grade of 1.04 carats/ton and a value of US$75/carat.


TSX:MPVD - Post by User

Comment by gmdmsuon Nov 26, 2009 6:36am
389 Views
Post# 16525469

RE: RE: RE: So...Now we know why...

RE: RE: RE: So...Now we know why...

ljones....how do we know that for "SURE" about the insiders???
I mean that's great that Cbrit got that response from Patrick Evans, BUT COME ON, what other response could he had given???

Cbrit: Hi Mr. Evans, could you please explain the recent insider trading activity showing large and numerous shares being disposed in the public market by management???
EVANS: Interesting question and thank you for bring it up. It has come to my attention that at some point in late November (approx 25th) there will be a news release that MOUNTAIN PROVINCE DIAMONDS WILL ANNOUNCE EQUITY FINANCING thus resulting in dilution and therefore management is thinking ahead and getting out by selling some shares before the share price drops. Hopefully this help, Yours truly Patrick Evans.

I MEAN COME ON!!!

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